The whole offer is very strange.— Carol Paton, Business Day
The Strategic Fuel Fund (SFF) - Government’s keeper of strategic fuel stocks - on Wednesday announced that it has offered to buy Chevron South Africa’s assets.
These assets include 845 Caltex petrol stations, its refinery in Cape Town and its Durban lubricants factory.
On Thursday Energy Minister Tina Joemat-Pettersson said the SFF didn’t consult her regarding its resolution to bid for Chevron South Africa’s assets.
According to Joemat-Pettersson, this is a major governance breach and illegal.
The Money Show’s Bruce Whitfield interviewed famed Business Day journalist Carol Paten.
Scroll down for quotes from the audio below.
Perhaps they think that by being bold and audacious they’ll force the hand of the Minister.— Carol Paton, Business Day
In December they sold oil stocks without permission and nothing happened!— Carol Paton, Business Day
These are complex businesses. You need the discipline of shareholders and competition to keep on the straight and narrow.— Carol Paton, Business Day
Fan of The Money Show? Sign up for a newsletter containing the 10 most-read articles of the week. Here’s what you’ll be getting…
A listener wants to know how to improve his credit score (which she assumes is not bad).
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…
The Money Show’s Bruce Whitfield interviews Finance Minister Pravin Gordhan who is at the World Economic Forum in Davos.
A key figure in developing global emerging markets policy; there’s even a comic book on his life!
John Maytham interviews Kaveen Jimmy; who says he has damning evidence against Ford.
What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?
The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.
Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.
Alex Fourie created iFix in 2006 from his dorm room at university. Today it repairs about 10 000 devices a month.
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.